Medical Equipment Finance - Business

Eligibility Criteria

• Individuals, Partnerships, Corporate, Trust & Societies
• ITR is mandatory in all cases
• Applicant should have minimum 3 years of operations of the diagnostic center, pathological lab, hospital, nursing home, etc. irrespective of constitution.
• Should have required approvals/registrations from the statutory/regulatory authority
• Should have tie-up with/employed qualified doctors

Collateral Security

• No tangible collateral security for loan amounts upto Rs. 2 crores: They are to be covered under CGTMSE. 50% of CGTMSE fees will be borne by the borrower.
• For loans above Rs 2 crore and upto Rs. 20 crores: Minimum 25% tangible collateral and personal guarantee of promoters.

Other Conditions

• It must be ensured that ancillary equipment is only used for purposes connected with the main activity and cost should not be more than 10% of main equipment (for which financing is done).